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Mortgage Outlook for the Week of September 12, 2011

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Mortgage rates continued to improve last week marking yet another round of record breaking low mortgage rates. Last week also marked a continuation of previous themes in the market in regards to concern over the US Economy and the Weakness of European Markets, with Greece being the focus of concern, once again.

This week features multiple treasury auctions and traders will be watching the results of the Retails Sales and Producer Price Index data that is being released on Wednesday. This data will help them understand the state of consumer spending and inflationary pressures that might exist among producers. Any one of these events may impact mortgage rates negatively or positively.

Economic Calendar for Week of September 12, 2011

  • Monday – Richard Fisher from the Fed Speaks
  • Tuesday – Redbook, Treasury Budget
  • Wednesday – Producer Price Index, Retail Sales
  • Thursday – Consumer Price Index, Jobless Claims, Industrial Productions, Philadelphia Fed Survey
  • Friday – Consumer Sentiment

Record Low Rates Are Here Now, But For How Long?

It is a given that rates will move up and move up fast, even from the record lows we are currently at. The big question is WHEN will they move up? The truth is that nobody knows. One thing is for sure though, you will be very unlikely to get in a lock fast enough once rates do move up, which means now is the time to capitalize on the record low rates that are available today. We can help you understand how this market can benefit you and which loan might be best for your current situation.

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